Review: NASCAR Credit Card

NASCAR, in partnership with Credit One Bank, offers a credit card that allows you to earn points good toward NASCAR merchandise and experiences, as well as straight cash back if you prefer. But make sure you know what you’re getting! Our overview/review of the card is below:

NASCAR’s partner Credit One Bank is known for working with customers of all credit types, which means they work with a lot of bad credit customers. Because of this, the “same” Credit One card can have very different fees and rates based on the credit history of the person getting it. The NASCAR card is no exception.

So, what does that mean? It means you need to look carefully at the terms you are offered, because it could be any of the below:

  • Excellent credit customers get 1% cash back on all purchases, 2% cash back on purchases, pay no annual fee, and get an interest rate anywhere from 19.74% up to 25.74%.
  • Average credit customers get 1% cash back only on gas and automotive purchases, 2% cash back on purchases, pay an annual fee of $39, and have an interest rate of 25.74%
  • Customers who are “rebuilding” their credit get the 1% on gas/automotive purchases and 2% on purchases, while paying an annual fee of anywhere from $75-$99 and having an interest rate of 25.74%.

As you can see, there is a big difference in the NASCAR credit card offer from excellent credit customers to rebuilding customers. That is as it should be, but it means that if you want a NASCAR credit card, you need to understand what you’re getting into. If you don’t have very good credit, you are getting a clearly inferior offer compared to those with excellent credit. So, if you apply and are pre-qualified at terms worse than excellent credit, you probably should pass this card by.

Even if you do have excellent credit and love NASCAR, this card’s features (other than the cool look of the actual physical card) are worse than you could get elsewhere in today’s market — see our Cash Back Credit Cards page to compare.

If you still want to apply for the NASCAR Visa, you’ll find a pre-qualification/application here.